All posts under ‘Mineweb’

Media reports that Chinese gold demand may be slipping, but so far this year, although Chinese demand may currently be down a little its holding up overall at historically high levels. Gold movement from West to East already appears to be exceeding newly mined supply, while scrap sources decline.

Despite legal arguments presented by dozens of appellants, the US Second Circuit Court of Appeals ruled that silver price manipulation theorists had legally failed to show that JPMorgan had manipulated the silver market. The alleged silver price fixing by JPMorgan may be headed to the Supreme Court

The latest China gold import figures via Hong Kong show a 140% increase over the first 2 months of 2014, suggesting Chinese demand is far from slowing down. For the first 2 months of 2014, net gold imports through Hong Kong totalled 192.8 tonnes as compared with 80.6 tonnes in the same of 2013

Goldman Sachs’ Jeffrey Currie has reiterated his view that gold will fall to $1050 by the end of the year but is he totally ignoring some of the likely key drivers ahead? While Currie is obviously entitled to his viewpoint we are not sure that stating these views in such aggressive terms is wise.

India eased import regulations to allow some of the private sector banks to buy gold from abroad, a move that could double current monthly gold imports. Election officials are also looking into alleged cases of smaller political allies using smuggled gold to fund their pre-election campaigns.